This edition: How the Economy Works

Episode Details

Original tape date: April 28, 2010.

We need to synthesize the idea that a free-market economy is a self-correcting mechanism and the Keynesian principle that capitalism needs some guidance, says UCLA economist Roger Farmer. The goal is to correct the excesses without stifling entrepreneurship and instituting central planning. Speaker: Roger Farmer, Professor and Economics Department Chair, UCLA.

About this series

On this weekly half-hour television show, leading thinkers and policy makers discuss ethics and vital issues in global affairs. A mix of talks, town hall conversations and interviews are interspersed with compelling images to create a dynamic picture of vital global issues. Global Ethics Forum is produced by the Carnegie Council for Ethics in International Affairs, a non-profit educational institution based in New York City.